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Euronews
Euronews
Olivier Tolachides

ECB chief Christine Lagarde rejects Mélenchon's debt cancellation proposal

European Central Bank (ECB) President Christine Lagarde on Thursday criticised a proposal by left-wing French presidential candidate Jean-Luc Mélenchon to cancel France’s debt held by the central bank.

Lagarde said the proposal by the La France Insoumise (LFI) leader was “really not a good idea” during a press conference following the ECB’s announcement of another increase in its key interest rates.

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